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Three BofA bankers in India leave over alleged client tips, FT reports
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Three BofA bankers in India leave over alleged client tips, FT reports
Nov 21, 2024 6:47 PM

Nov 21 (Reuters) - Bank of America's ( BAC ) co-head of

investment banking in India and two other bankers have left the

company amid an investigation into wrongdoing allegations, the

Financial Times reported on Thursday, citing three people

familiar with the matter.

The internal investigation was launched earlier this year

and is scrutinizing wether BofA and bankers at its Asian

investment banking arm shared nonpublic information with certain

investors ahead of upcoming secondary stock offerings, the

report said.

BofA did not immediately respond to a Reuters request for

comment.

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